Prices of other metals, including aluminium, palladium and lithium, also used in cars, have also been climbing.
In detail, the world’s largest electric car manufacturer signed a multi-year deal with Vale for nickel supplies from Canada, Bloomberg reported.
Both companies did not immediately respond to Reuters requests for comment.
For its part, Tesla has been less affected by supply chain issues stemming from the Covid-19 pandemic, compared to other automakers that have cut production due to component shortages, including chips. and metals from electric vehicle batteries.
Chief Executive Elon Musk said earlier this month that the rocket maker and its company SpaceX face significant inflationary pressures in raw materials and logistics. In addition, the sector is expected to face a demand of up to 1.5 million tons in 2030, compared to 400,745 tons this year, as reported by Bloomerg.
Source: Ambito
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